Nexxus Capital fund to invest $350 million in Mexico, Spain, Portugal

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MEXICO CITY (Reuters) - Private equity fund Nexxus Capital said on Monday it plans to invest $350 million over 12 to 18 months in small- and medium-sized firms with high exposure to middle-class consumers in Mexico, Spain and Portugal.

Nexxus, a Mexico City-based fund that has taken several firms public in recent years, said it will target Mexico for the country’s young population coveted by consumer firms, senior managing partner Arturo Saval said.

The fund also sees opportunity in Spain and Portugal due to a dearth of private equity in those countries, he added.

Saval said a couple of Nexxus companies may seek an initial public offering on the Mexico stock exchange within 18 months.

“Taco Holdings is probably the best candidate to list on the stock exchange first,” he said.